Leaving a legacy to Reach will help us continue the work we do to help build a fairer society.
Residuary legacy
A residuary legacy is the gift of the remainder of your estate (or a percentage of the remainder) after all other gifts to friends and family have been made and all outgoings have been dealt with. If you leave your whole estate as a gift, this is also known as a residuary legacy. A residuary legacy is usually of greatest benefit to Reach as its value increases in line with inflation.
Pecuniary legacy
A pecuniary legacy is a fixed sum of money. It is worth noting that pecuniary legacies tend to decrease in value over time due to rises in inflation and need to be reviewed from time to time to maintain the original intended value. As an example, a gift of £5,000 written into a will in 1980 would now be worth less than £1,500*. It is also possible to index link a pecuniary legacy to ensure that the legacy maintains its original value.
*Office of National Statistics 2008
Specific Legacy
A specific legacy is a particular item of value that has been left in your will, for example, stocks and shares, property, life policies or jewellery.